SPIC Yunnan & Yongren partner for 400 MW PV power plant project: Wholly-owned subsidiary of State Power Investment Corporation Limited (SPIC), SPIC Yunnan International, has signed a 400 MW PV power station project with Yongren County Government. The project, with an estimated investment of RMB 1.92 billion ($0.30 billion), and an average annual power generation capacity of 607 million kWh, will begin construction in December 2021.
Akcome subsidiary to increase capital of joint-stock companies: Chinese solar cell and module producer Akcome Technology announced that its wholly-owned subsidiaries – Suzhou Zhongkang Power and Wuxi Akcome Power – have planned to increase the capital of joint stock companies. This capital increase is being initiated to prepare for the planned sale of the power plant companies. Major shareholders increasing their capital in proportion to their shareholding ratios, will not lead to changes in the scope of the company's consolidated statements, and will not have a significant impact on the company's financial status and production and operations, the announcement stated.
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